{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}C:\research\works\주제52_트럼프_환경정책\data\code.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res} 8 Jul 2025, 09:33:40

{com}. encode Country, gen(Country_1)

. 
. tsset Country_1 Year
{res}{txt}{col 8}panel variable:  {res}Country_1 (strongly balanced)
{txt}{col 9}time variable:  {res}{col 25}Year, 1990 to 2020
{txt}{col 17}delta:  {res}1 unit

{com}. 
. 
. 
. gen ln_GDPpc = ln( GDPpc )

. 
. gen ln_Energy_consumption_pc = ln( Energy_consumption_pc )

. 
. gen ln_POP = ln( POP )

. 
. gen ln_CO2pc = ln( CO2pc )

. 
. 
. 
. xtreg EPS i.Trump##c.Import_from_US_ratio_to_GDP ln_GDPpc ln_POP Industry ln_Energy_consumption i.EU gov_left1 postfisc_gini ln_CO2pc Trade_openness unemp i.Year, fe
{p 0 6 2}{txt}note: 2020.Year omitted because of collinearity{p_end}
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       731
{txt}Group variable: {res}Country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        26

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.8948{col 63}{txt}min{col 67}={col 69}{res}        23
{txt}     between = {res}0.1021{col 63}{txt}avg{col 67}={col 69}{res}      28.1
{txt}     overall = {res}0.1848{col 63}{txt}max{col 67}={col 69}{res}        31

{txt}{col 49}F({res}42{txt},{res}663{txt}){col 67}={col 70}{res}   134.27
{txt}corr(u_i, Xb){col 16}= {res}-0.9168{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 36}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}                                EPS{col 37}{c |}      Coef.{col 49}   Std. Err.{col 61}      t{col 69}   P>|t|{col 77}     [95% Con{col 90}f. Interval]
{hline 36}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 28}1.Trump {c |}{col 37}{res}{space 2} 2.641801{col 49}{space 2} .1924041{col 60}{space 1}   13.73{col 69}{space 3}0.000{col 77}{space 4} 2.264006{col 90}{space 3} 3.019596
{txt}{space 8}Import_from_US_ratio_to_GDP {c |}{col 37}{res}{space 2} .0104377{col 49}{space 2} .0198769{col 60}{space 1}    0.53{col 69}{space 3}0.600{col 77}{space 4}-.0285915{col 90}{space 3} .0494669
{txt}{space 35} {c |}
Trump#c.Import_from_US_ratio_to_GDP {c |}
{space 33}1  {c |}{col 37}{res}{space 2}-.0297726{col 49}{space 2} .0130045{col 60}{space 1}   -2.29{col 69}{space 3}0.022{col 77}{space 4}-.0553075{col 90}{space 3}-.0042377
{txt}{space 35} {c |}
{space 27}ln_GDPpc {c |}{col 37}{res}{space 2}-.2973954{col 49}{space 2} .1896171{col 60}{space 1}   -1.57{col 69}{space 3}0.117{col 77}{space 4}-.6697177{col 90}{space 3}  .074927
{txt}{space 29}ln_POP {c |}{col 37}{res}{space 2} 1.358358{col 49}{space 2}  .352247{col 60}{space 1}    3.86{col 69}{space 3}0.000{col 77}{space 4} .6667042{col 90}{space 3} 2.050012
{txt}{space 27}Industry {c |}{col 37}{res}{space 2} .0202082{col 49}{space 2} .0075986{col 60}{space 1}    2.66{col 69}{space 3}0.008{col 77}{space 4} .0052879{col 90}{space 3} .0351284
{txt}{space 11}ln_Energy_consumption_pc {c |}{col 37}{res}{space 2}-1.404199{col 49}{space 2}  .194592{col 60}{space 1}   -7.22{col 69}{space 3}0.000{col 77}{space 4} -1.78629{col 90}{space 3}-1.022109
{txt}{space 31}1.EU {c |}{col 37}{res}{space 2} .4909062{col 49}{space 2} .0701286{col 60}{space 1}    7.00{col 69}{space 3}0.000{col 77}{space 4} .3532053{col 90}{space 3} .6286071
{txt}{space 26}gov_left1 {c |}{col 37}{res}{space 2} .0002702{col 49}{space 2} .0003889{col 60}{space 1}    0.69{col 69}{space 3}0.487{col 77}{space 4}-.0004934{col 90}{space 3} .0010338
{txt}{space 22}postfisc_gini {c |}{col 37}{res}{space 2}-.0078864{col 49}{space 2} .0088468{col 60}{space 1}   -0.89{col 69}{space 3}0.373{col 77}{space 4}-.0252575{col 90}{space 3} .0094846
{txt}{space 27}ln_CO2pc {c |}{col 37}{res}{space 2} .3295497{col 49}{space 2} .1886546{col 60}{space 1}    1.75{col 69}{space 3}0.081{col 77}{space 4}-.0408828{col 90}{space 3} .6999821
{txt}{space 21}Trade_openness {c |}{col 37}{res}{space 2}-.0047145{col 49}{space 2}   .00108{col 60}{space 1}   -4.37{col 69}{space 3}0.000{col 77}{space 4}-.0068352{col 90}{space 3}-.0025939
{txt}{space 30}unemp {c |}{col 37}{res}{space 2} -.006359{col 49}{space 2} .0059175{col 60}{space 1}   -1.07{col 69}{space 3}0.283{col 77}{space 4}-.0179783{col 90}{space 3} .0052602
{txt}{space 35} {c |}
{space 31}Year {c |}
{space 30}1991  {c |}{col 37}{res}{space 2} .1837531{col 49}{space 2} .1344678{col 60}{space 1}    1.37{col 69}{space 3}0.172{col 77}{space 4}-.0802809{col 90}{space 3} .4477871
{txt}{space 30}1992  {c |}{col 37}{res}{space 2} .3300046{col 49}{space 2} .1352404{col 60}{space 1}    2.44{col 69}{space 3}0.015{col 77}{space 4} .0644534{col 90}{space 3} .5955558
{txt}{space 30}1993  {c |}{col 37}{res}{space 2} .3004739{col 49}{space 2} .1340015{col 60}{space 1}    2.24{col 69}{space 3}0.025{col 77}{space 4} .0373554{col 90}{space 3} .5635925
{txt}{space 30}1994  {c |}{col 37}{res}{space 2} .3333952{col 49}{space 2} .1326902{col 60}{space 1}    2.51{col 69}{space 3}0.012{col 77}{space 4} .0728516{col 90}{space 3} .5939388
{txt}{space 30}1995  {c |}{col 37}{res}{space 2} .1960602{col 49}{space 2} .1223295{col 60}{space 1}    1.60{col 69}{space 3}0.109{col 77}{space 4}-.0441397{col 90}{space 3} .4362602
{txt}{space 30}1996  {c |}{col 37}{res}{space 2} .2862537{col 49}{space 2} .1237083{col 60}{space 1}    2.31{col 69}{space 3}0.021{col 77}{space 4} .0433465{col 90}{space 3} .5291609
{txt}{space 30}1997  {c |}{col 37}{res}{space 2} .3313325{col 49}{space 2} .1225708{col 60}{space 1}    2.70{col 69}{space 3}0.007{col 77}{space 4} .0906587{col 90}{space 3} .5720063
{txt}{space 30}1998  {c |}{col 37}{res}{space 2} .4097627{col 49}{space 2} .1250106{col 60}{space 1}    3.28{col 69}{space 3}0.001{col 77}{space 4} .1642983{col 90}{space 3} .6552271
{txt}{space 30}1999  {c |}{col 37}{res}{space 2} .4439178{col 49}{space 2} .1277237{col 60}{space 1}    3.48{col 69}{space 3}0.001{col 77}{space 4} .1931262{col 90}{space 3} .6947095
{txt}{space 30}2000  {c |}{col 37}{res}{space 2} .8225332{col 49}{space 2} .1308722{col 60}{space 1}    6.29{col 69}{space 3}0.000{col 77}{space 4} .5655592{col 90}{space 3} 1.079507
{txt}{space 30}2001  {c |}{col 37}{res}{space 2} .8790242{col 49}{space 2} .1326675{col 60}{space 1}    6.63{col 69}{space 3}0.000{col 77}{space 4}  .618525{col 90}{space 3} 1.139523
{txt}{space 30}2002  {c |}{col 37}{res}{space 2} 1.062119{col 49}{space 2} .1359004{col 60}{space 1}    7.82{col 69}{space 3}0.000{col 77}{space 4} .7952719{col 90}{space 3} 1.328966
{txt}{space 30}2003  {c |}{col 37}{res}{space 2} 1.272324{col 49}{space 2} .1386612{col 60}{space 1}    9.18{col 69}{space 3}0.000{col 77}{space 4} 1.000056{col 90}{space 3} 1.544592
{txt}{space 30}2004  {c |}{col 37}{res}{space 2} 1.372023{col 49}{space 2} .1427291{col 60}{space 1}    9.61{col 69}{space 3}0.000{col 77}{space 4} 1.091768{col 90}{space 3} 1.652279
{txt}{space 30}2005  {c |}{col 37}{res}{space 2} 1.669225{col 49}{space 2} .1458817{col 60}{space 1}   11.44{col 69}{space 3}0.000{col 77}{space 4} 1.382779{col 90}{space 3}  1.95567
{txt}{space 30}2006  {c |}{col 37}{res}{space 2} 1.858253{col 49}{space 2} .1484699{col 60}{space 1}   12.52{col 69}{space 3}0.000{col 77}{space 4} 1.566726{col 90}{space 3} 2.149781
{txt}{space 30}2007  {c |}{col 37}{res}{space 2} 1.837472{col 49}{space 2} .1538513{col 60}{space 1}   11.94{col 69}{space 3}0.000{col 77}{space 4} 1.535378{col 90}{space 3} 2.139567
{txt}{space 30}2008  {c |}{col 37}{res}{space 2} 2.105432{col 49}{space 2} .1564521{col 60}{space 1}   13.46{col 69}{space 3}0.000{col 77}{space 4} 1.798231{col 90}{space 3} 2.412634
{txt}{space 30}2009  {c |}{col 37}{res}{space 2} 2.236843{col 49}{space 2}  .160047{col 60}{space 1}   13.98{col 69}{space 3}0.000{col 77}{space 4} 1.922582{col 90}{space 3} 2.551103
{txt}{space 30}2010  {c |}{col 37}{res}{space 2} 2.414796{col 49}{space 2} .1624526{col 60}{space 1}   14.86{col 69}{space 3}0.000{col 77}{space 4} 2.095812{col 90}{space 3} 2.733779
{txt}{space 30}2011  {c |}{col 37}{res}{space 2} 2.516998{col 49}{space 2}  .165313{col 60}{space 1}   15.23{col 69}{space 3}0.000{col 77}{space 4} 2.192398{col 90}{space 3} 2.841599
{txt}{space 30}2012  {c |}{col 37}{res}{space 2} 2.465809{col 49}{space 2} .1678654{col 60}{space 1}   14.69{col 69}{space 3}0.000{col 77}{space 4} 2.136197{col 90}{space 3} 2.795421
{txt}{space 30}2013  {c |}{col 37}{res}{space 2} 2.513033{col 49}{space 2} .1701893{col 60}{space 1}   14.77{col 69}{space 3}0.000{col 77}{space 4} 2.178858{col 90}{space 3} 2.847208
{txt}{space 30}2014  {c |}{col 37}{res}{space 2} 2.506592{col 49}{space 2} .1732211{col 60}{space 1}   14.47{col 69}{space 3}0.000{col 77}{space 4} 2.166464{col 90}{space 3}  2.84672
{txt}{space 30}2015  {c |}{col 37}{res}{space 2} 2.466364{col 49}{space 2} .1742273{col 60}{space 1}   14.16{col 69}{space 3}0.000{col 77}{space 4}  2.12426{col 90}{space 3} 2.808468
{txt}{space 30}2016  {c |}{col 37}{res}{space 2} 2.440371{col 49}{space 2} .1775701{col 60}{space 1}   13.74{col 69}{space 3}0.000{col 77}{space 4} 2.091703{col 90}{space 3} 2.789038
{txt}{space 30}2017  {c |}{col 37}{res}{space 2}-.0944698{col 49}{space 2} .0963015{col 60}{space 1}   -0.98{col 69}{space 3}0.327{col 77}{space 4}-.2835624{col 90}{space 3} .0946229
{txt}{space 30}2018  {c |}{col 37}{res}{space 2}-.0416182{col 49}{space 2} .0955825{col 60}{space 1}   -0.44{col 69}{space 3}0.663{col 77}{space 4}-.2292991{col 90}{space 3} .1460628
{txt}{space 30}2019  {c |}{col 37}{res}{space 2}-.0224223{col 49}{space 2} .0932845{col 60}{space 1}   -0.24{col 69}{space 3}0.810{col 77}{space 4} -.205591{col 90}{space 3} .1607464
{txt}{space 30}2020  {c |}{col 37}{res}{space 2}        0{col 49}{txt}  (omitted)
{space 35} {c |}
{space 30}_cons {c |}{col 37}{res}{space 2}-11.72534{col 49}{space 2} 5.773471{col 60}{space 1}   -2.03{col 69}{space 3}0.043{col 77}{space 4}-23.06183{col 90}{space 3} -.388849
{txt}{hline 36}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                            sigma_u {c |} {res} 2.3940431
                            {txt}sigma_e {c |} {res} .32113421
                                {txt}rho {c |} {res}  .9823248{txt}   (fraction of variance due to u_i)
{hline 36}{c BT}{hline 64}
F test that all u_i=0: F({res}25{txt}, {res}663{txt}) = {res}50.40{col 62}{txt}Prob > F = {res}0.0000

{com}. 
. xtreg EPS i.Trump##c.Export_to_US_ratio_to_GDP ln_GDPpc ln_POP Industry ln_Energy_consumption i.EU gov_left1 postfisc_gini ln_CO2pc Trade_openness unemp i.Year, fe
{p 0 6 2}{txt}note: 2020.Year omitted because of collinearity{p_end}
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}       731
{txt}Group variable: {res}Country_1{txt}{col 49}Number of groups{col 67}={col 69}{res}        26

{txt}R-sq:{col 49}Obs per group:
     within  = {res}0.8953{col 63}{txt}min{col 67}={col 69}{res}        23
{txt}     between = {res}0.1011{col 63}{txt}avg{col 67}={col 69}{res}      28.1
{txt}     overall = {res}0.1883{col 63}{txt}max{col 67}={col 69}{res}        31

{txt}{col 49}F({res}42{txt},{res}663{txt}){col 67}={col 70}{res}   134.97
{txt}corr(u_i, Xb){col 16}= {res}-0.9139{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{hline 34}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}                              EPS{col 35}{c |}      Coef.{col 47}   Std. Err.{col 59}      t{col 67}   P>|t|{col 75}     [95% Con{col 88}f. Interval]
{hline 34}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 26}1.Trump {c |}{col 35}{res}{space 2} 2.676807{col 47}{space 2} .1942902{col 58}{space 1}   13.78{col 67}{space 3}0.000{col 75}{space 4} 2.295309{col 88}{space 3} 3.058306
{txt}{space 8}Export_to_US_ratio_to_GDP {c |}{col 35}{res}{space 2} .0085867{col 47}{space 2}  .014441{col 58}{space 1}    0.59{col 67}{space 3}0.552{col 75}{space 4}-.0197688{col 88}{space 3} .0369423
{txt}{space 33} {c |}
Trump#c.Export_to_US_ratio_to_GDP {c |}
{space 31}1  {c |}{col 35}{res}{space 2}-.0247393{col 47}{space 2} .0085737{col 58}{space 1}   -2.89{col 67}{space 3}0.004{col 75}{space 4}-.0415742{col 88}{space 3}-.0079044
{txt}{space 33} {c |}
{space 25}ln_GDPpc {c |}{col 35}{res}{space 2}-.3153719{col 47}{space 2} .1898503{col 58}{space 1}   -1.66{col 67}{space 3}0.097{col 75}{space 4}-.6881522{col 88}{space 3} .0574083
{txt}{space 27}ln_POP {c |}{col 35}{res}{space 2} 1.326836{col 47}{space 2} .3455201{col 58}{space 1}    3.84{col 67}{space 3}0.000{col 75}{space 4} .6483907{col 88}{space 3} 2.005282
{txt}{space 25}Industry {c |}{col 35}{res}{space 2} .0227225{col 47}{space 2}  .007826{col 58}{space 1}    2.90{col 67}{space 3}0.004{col 75}{space 4} .0073558{col 88}{space 3} .0380892
{txt}{space 9}ln_Energy_consumption_pc {c |}{col 35}{res}{space 2}-1.404344{col 47}{space 2}  .195598{col 58}{space 1}   -7.18{col 67}{space 3}0.000{col 75}{space 4} -1.78841{col 88}{space 3}-1.020278
{txt}{space 29}1.EU {c |}{col 35}{res}{space 2} .4823293{col 47}{space 2} .0698903{col 58}{space 1}    6.90{col 67}{space 3}0.000{col 75}{space 4} .3450963{col 88}{space 3} .6195622
{txt}{space 24}gov_left1 {c |}{col 35}{res}{space 2} .0002944{col 47}{space 2} .0003878{col 58}{space 1}    0.76{col 67}{space 3}0.448{col 75}{space 4} -.000467{col 88}{space 3} .0010558
{txt}{space 20}postfisc_gini {c |}{col 35}{res}{space 2}-.0091365{col 47}{space 2} .0089009{col 58}{space 1}   -1.03{col 67}{space 3}0.305{col 75}{space 4}-.0266137{col 88}{space 3} .0083408
{txt}{space 25}ln_CO2pc {c |}{col 35}{res}{space 2} .3092795{col 47}{space 2} .1869449{col 58}{space 1}    1.65{col 67}{space 3}0.099{col 75}{space 4}-.0577959{col 88}{space 3} .6763549
{txt}{space 19}Trade_openness {c |}{col 35}{res}{space 2} -.004581{col 47}{space 2} .0010911{col 58}{space 1}   -4.20{col 67}{space 3}0.000{col 75}{space 4}-.0067235{col 88}{space 3}-.0024385
{txt}{space 28}unemp {c |}{col 35}{res}{space 2}-.0067372{col 47}{space 2} .0059187{col 58}{space 1}   -1.14{col 67}{space 3}0.255{col 75}{space 4}-.0183588{col 88}{space 3} .0048843
{txt}{space 33} {c |}
{space 29}Year {c |}
{space 28}1991  {c |}{col 35}{res}{space 2} .1878988{col 47}{space 2} .1341572{col 58}{space 1}    1.40{col 67}{space 3}0.162{col 75}{space 4}-.0755254{col 88}{space 3} .4513229
{txt}{space 28}1992  {c |}{col 35}{res}{space 2} .3356295{col 47}{space 2} .1349403{col 58}{space 1}    2.49{col 67}{space 3}0.013{col 75}{space 4} .0706678{col 88}{space 3} .6005913
{txt}{space 28}1993  {c |}{col 35}{res}{space 2} .3064706{col 47}{space 2} .1336543{col 58}{space 1}    2.29{col 67}{space 3}0.022{col 75}{space 4}  .044034{col 88}{space 3} .5689073
{txt}{space 28}1994  {c |}{col 35}{res}{space 2} .3396081{col 47}{space 2} .1324183{col 58}{space 1}    2.56{col 67}{space 3}0.011{col 75}{space 4} .0795982{col 88}{space 3} .5996179
{txt}{space 28}1995  {c |}{col 35}{res}{space 2} .2047287{col 47}{space 2} .1221232{col 58}{space 1}    1.68{col 67}{space 3}0.094{col 75}{space 4}-.0350661{col 88}{space 3} .4445236
{txt}{space 28}1996  {c |}{col 35}{res}{space 2} .2972143{col 47}{space 2} .1235713{col 58}{space 1}    2.41{col 67}{space 3}0.016{col 75}{space 4} .0545761{col 88}{space 3} .5398524
{txt}{space 28}1997  {c |}{col 35}{res}{space 2} .3421922{col 47}{space 2} .1223754{col 58}{space 1}    2.80{col 67}{space 3}0.005{col 75}{space 4} .1019022{col 88}{space 3} .5824821
{txt}{space 28}1998  {c |}{col 35}{res}{space 2} .4210998{col 47}{space 2} .1249091{col 58}{space 1}    3.37{col 67}{space 3}0.001{col 75}{space 4} .1758347{col 88}{space 3} .6663649
{txt}{space 28}1999  {c |}{col 35}{res}{space 2} .4550288{col 47}{space 2} .1277568{col 58}{space 1}    3.56{col 67}{space 3}0.000{col 75}{space 4} .2041721{col 88}{space 3} .7058856
{txt}{space 28}2000  {c |}{col 35}{res}{space 2} .8307102{col 47}{space 2} .1307367{col 58}{space 1}    6.35{col 67}{space 3}0.000{col 75}{space 4} .5740024{col 88}{space 3} 1.087418
{txt}{space 28}2001  {c |}{col 35}{res}{space 2} .8875245{col 47}{space 2} .1323486{col 58}{space 1}    6.71{col 67}{space 3}0.000{col 75}{space 4} .6276515{col 88}{space 3} 1.147397
{txt}{space 28}2002  {c |}{col 35}{res}{space 2} 1.071856{col 47}{space 2} .1356466{col 58}{space 1}    7.90{col 67}{space 3}0.000{col 75}{space 4} .8055074{col 88}{space 3} 1.338205
{txt}{space 28}2003  {c |}{col 35}{res}{space 2} 1.282126{col 47}{space 2} .1385815{col 58}{space 1}    9.25{col 67}{space 3}0.000{col 75}{space 4} 1.010015{col 88}{space 3} 1.554238
{txt}{space 28}2004  {c |}{col 35}{res}{space 2} 1.383816{col 47}{space 2} .1432694{col 58}{space 1}    9.66{col 67}{space 3}0.000{col 75}{space 4}   1.1025{col 88}{space 3} 1.665132
{txt}{space 28}2005  {c |}{col 35}{res}{space 2} 1.680798{col 47}{space 2} .1463715{col 58}{space 1}   11.48{col 67}{space 3}0.000{col 75}{space 4} 1.393391{col 88}{space 3} 1.968206
{txt}{space 28}2006  {c |}{col 35}{res}{space 2} 1.869167{col 47}{space 2} .1489289{col 58}{space 1}   12.55{col 67}{space 3}0.000{col 75}{space 4} 1.576738{col 88}{space 3} 2.161596
{txt}{space 28}2007  {c |}{col 35}{res}{space 2} 1.851108{col 47}{space 2} .1543163{col 58}{space 1}   12.00{col 67}{space 3}0.000{col 75}{space 4}   1.5481{col 88}{space 3} 2.154115
{txt}{space 28}2008  {c |}{col 35}{res}{space 2} 2.118784{col 47}{space 2} .1571021{col 58}{space 1}   13.49{col 67}{space 3}0.000{col 75}{space 4} 1.810307{col 88}{space 3} 2.427262
{txt}{space 28}2009  {c |}{col 35}{res}{space 2} 2.255219{col 47}{space 2}  .160394{col 58}{space 1}   14.06{col 67}{space 3}0.000{col 75}{space 4} 1.940278{col 88}{space 3}  2.57016
{txt}{space 28}2010  {c |}{col 35}{res}{space 2} 2.432458{col 47}{space 2} .1629072{col 58}{space 1}   14.93{col 67}{space 3}0.000{col 75}{space 4} 2.112582{col 88}{space 3} 2.752334
{txt}{space 28}2011  {c |}{col 35}{res}{space 2} 2.534299{col 47}{space 2}  .165939{col 58}{space 1}   15.27{col 67}{space 3}0.000{col 75}{space 4}  2.20847{col 88}{space 3} 2.860129
{txt}{space 28}2012  {c |}{col 35}{res}{space 2}  2.48612{col 47}{space 2} .1681816{col 58}{space 1}   14.78{col 67}{space 3}0.000{col 75}{space 4} 2.155887{col 88}{space 3} 2.816352
{txt}{space 28}2013  {c |}{col 35}{res}{space 2} 2.533895{col 47}{space 2} .1704917{col 58}{space 1}   14.86{col 67}{space 3}0.000{col 75}{space 4} 2.199127{col 88}{space 3} 2.868664
{txt}{space 28}2014  {c |}{col 35}{res}{space 2} 2.524743{col 47}{space 2} .1735659{col 58}{space 1}   14.55{col 67}{space 3}0.000{col 75}{space 4} 2.183938{col 88}{space 3} 2.865548
{txt}{space 28}2015  {c |}{col 35}{res}{space 2} 2.483915{col 47}{space 2} .1743886{col 58}{space 1}   14.24{col 67}{space 3}0.000{col 75}{space 4} 2.141495{col 88}{space 3} 2.826336
{txt}{space 28}2016  {c |}{col 35}{res}{space 2} 2.458161{col 47}{space 2} .1778521{col 58}{space 1}   13.82{col 67}{space 3}0.000{col 75}{space 4}  2.10894{col 88}{space 3} 2.807382
{txt}{space 28}2017  {c |}{col 35}{res}{space 2}-.1049064{col 47}{space 2} .0966523{col 58}{space 1}   -1.09{col 67}{space 3}0.278{col 75}{space 4}-.2946878{col 88}{space 3}  .084875
{txt}{space 28}2018  {c |}{col 35}{res}{space 2}-.0493045{col 47}{space 2} .0954057{col 58}{space 1}   -0.52{col 67}{space 3}0.605{col 75}{space 4}-.2366383{col 88}{space 3} .1380293
{txt}{space 28}2019  {c |}{col 35}{res}{space 2}-.0264065{col 47}{space 2} .0931137{col 58}{space 1}   -0.28{col 67}{space 3}0.777{col 75}{space 4}-.2092398{col 88}{space 3} .1564268
{txt}{space 28}2020  {c |}{col 35}{res}{space 2}        0{col 47}{txt}  (omitted)
{space 33} {c |}
{space 28}_cons {c |}{col 35}{res}{space 2}-11.02832{col 47}{space 2} 5.687064{col 58}{space 1}   -1.94{col 67}{space 3}0.053{col 75}{space 4}-22.19515{col 88}{space 3} .1385042
{txt}{hline 34}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                          sigma_u {c |} {res} 2.3508453
                          {txt}sigma_e {c |} {res} .32038127
                              {txt}rho {c |} {res}  .9817655{txt}   (fraction of variance due to u_i)
{hline 34}{c BT}{hline 64}
F test that all u_i=0: F({res}25{txt}, {res}663{txt}) = {res}52.83{col 62}{txt}Prob > F = {res}0.0000

{com}. log close
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}C:\research\works\주제52_트럼프_환경정책\data\code.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res} 8 Jul 2025, 09:33:48
{txt}{.-}
{smcl}
{txt}{sf}{ul off}